INVESTOR COMMUNITY
Who is Rishi Shah: The man who defrauded Goldman Sachs, Google of $1 billion
Rishi Shah, co-founder of Outcome Health, has been sentenced to seven and a half years in prison for orchestrating a $1 billion fraud scheme involving his healthcare advertising startup. The case has impacted major investors and drawn attention to corporate accountability.
Portions of Rahul Gandhi's speech in Lok Sabha expunged
In Rahul Gandhi's maiden speech as Leader of the Opposition in the Lok Sabha, several contentious portions targeting the central government and its policies were expunged from the parliamentary records upon the Speaker's orders. His remarks, which included accusations against the BJP, RSS, and comments on Hindus, drew protests from the ruling party. Gandhi accused the BJP and RSS of spreading violence and hatred, prompting strong rebuttals from Prime Minister Narendra Modi and Home Minister Amit Shah, who demanded an apology. The expunged sections also covered Gandhi's comments on minorities, industrialists like Adani and Ambani, and the Agniveer Scheme.
US fintech platform TIFIN debuts in Indian market with conversational AI assistant MyFi
MyFi is a personalised product created specifically for India, taking inspiration from its successful US counterpart, Magnifi, as explained by Kiram Nambiar, cofounder and CEO of MyFi said. MyFi is compatible with Android and iOS operating systems, it is a subscription-based model with plans starting at Rs 299/month
US IPOs off to their best start in a while
Wall Street's equity capital markets see a resurgence with IPOs and equity offerings surpassing $20 billion in the first half of 2024, marking the strongest start since 2021. Enhanced investor engagement and favorable market conditions signal a potential bounce-back year, encouraging companies like Lineage to pursue significant listings amid balanced valuation discussions.
Relationship between India, US 'multiplicative': US envoy Garcetti
"This (India-US) is a relationship that isn't just additive. It's not just the US plus India. It's multiplicative. It's the United States times India," Garcetti said at the meeting held in the suburbs of Washington on Monday.
Going forward, expect good growth from Aadifidelis Solutions: Shikhar Aggarwal, BLS International
Shikhar Aggarwal, Joint MD, BLS International Services talks about inclusion in Nifty tourism index, synergies from buying stake in Aadifidelis Solutions and more. Aggarwal also discusses the major contract renewals which are expected in the next six to nine months. He also says that in one, one-and-a-half years, multiple contracts are expected from European and North American markets
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How mutual fund flows are making Dalal Street Aatmanirbhar
FIIs impact Indian capital markets, with mutual funds gaining prominence. SEBI's actions on P-Notes and rise of SIPs stabilize market. Prof Ghalke and Aditya Bharambe contribute to market insights.
Budget 2024: What is Dividend Distribution Tax? Know How it will abolition impact the Indian economy?
In 2020-21, India's government abolished the Dividend Distribution Tax (DDT), shifting the tax burden on dividends from companies to shareholders directly. The move aimed to simplify taxation, enhance market appeal for Indian equities, stimulate domestic investment, and potentially attract more Foreign Direct Investment (FDI) into the country's economy.
Afghan Taliban govt says to attend next round of UN talks in Doha
Taliban authorities will attend the third round of United Nations-hosted talks on Afghanistan in the Qatari capital, a government spokesman said on Sunday, after snubbing an invitation to the previous round. A key element of the talks held in the Gulf state, which hosted the Taliban during years of peace talks with the United States, is a UN independent assessment on Afghanistan released late last year.
Unpacking Go Digit’s earnings; PEs in IPO-bound firms
Go Digit General Insurance reported its second consecutive full year of profit in fiscal 2024. This and more in today’s ETtech Top 5.
India has been expensive market post COVID for last three years: Gautam Trivedi
China currently is still at about 9 to 9.5 times calendar 25 PE, we are at 21, 21.5 times, so still a huge premium to China. So, I said, over the past three years, India has been expensive post COVID. You have still put money. In fact, last year, they put cumulative $21 billion of net FPI flows into India. So, year-to-date why are you selling? And they said, finally, we do have an alternative.
PE-VC sector's Laapataa Ladies
Take the PE-VC landscape. Venture capital is still a man's game, and underrepresentation of women at the helm translates into a missed opportunity for the entire sector. Several groundbreaking ventures go untapped because the room lacks the perspective that resonates with a significant portion of the market. There is gross underrepresentation of women, both as entrepreneurs and investors.
Past reforms will continue to drive economy over next 2 years: Neelkanth Mishra
In fact, with the RBI dividend being significantly better than what was budgeted, I would not be surprised if in the July budget, the government chooses to bring down its FY25 fiscal deficit target from 5.1% to 4.9% because that money is there.
What’s fueling the shift in Indian investor behaviour?
India added $1 trillion to the stock market in less than six months, reaching a $5 trillion market cap. Retail investors, with a surge in Demat accounts, play a key role in enhancing market stability and resilience.
Ethereum ETFs: Why it is a game-changer for mainstream crypto adoption
Ethereum's pivotal role in propelling the mainstream adoption of crypto cannot be overstated. As the market undergoes continuous evolution, Ethereum stands as a cornerstone, guiding the industry toward unprecedented growth and innovation.
Elon eyes White House role! Donald Trump may make Musk an advisor; both speak several times a month, says report
Former US president Donald Trump may appoint entrepreneur Elon Musk as an advisor in the White House upon winning the 2024 Presidential Elections in November. Musk may extend his support to the Republican contender.
Not a market for bargain hunters; look beyond June 4 for investment opportunities in next five years: Abhay Agarwal
Abhay Agarwal, Founder & Fund Manager at Piper Serica, discusses market focus on earnings, growth, and India's economic potential post-event. Grasim's expansion into the paint segment and Titan's nervousness are key points. Agarwal also says he expects the Birla Group will get re-rated because of various things they are doing like the Novelis IPO which was pending for a long time, which will unlock capital for Hindalco.
Investors must take Rajan’s promise, not Pitroda's threat
Investors are anxious about the potential impact of the ongoing general elections on economic policies. The possibility of the INDIA alliance, led by the Congress Party, coming to power has raised fears of a significant policy shift, particularly following suggestions of introducing an inheritance tax. However, it's important for investors to differentiate between exaggerated concerns and actual risks.
KITES Senior Care and Columbia Pacific Communites set to merge for one of India's largest senior living firms
Columbia Pacific Communites is set to merge with Kites Senior Care, forming one of India's largest senior living firms. The merger is expected to benefit Columbia Pacific Communities, which has a net worth of over Rs 25 crore. The merger is expected to boost the company's bed capacity to over 1,000 within the next six quarters. Kites Senior Care, a leading provider of out-of-hospital geriatric care services, secured an investment of Rs 45 crore from Ranjan Pai's MEMG Family Office Fund in March 2024.
Stock picks of the week: 4 stocks with consistent score improvement and upside potential of up to 40%
After the recent phase of the volatility, there has been a bounce back in Nifty and sensex. Along with them there has also been an improvement in the market breadth as more number of stocks were able to inch upward. But this is not enough to say the volatile phase is over. At this point of time, one cannot rule out more profit booking ahead of election results. If one is taking fresh exposure to equity, ensure that there is some level of quality as far as the business and fundamentals are concerned and keep a long term perspective. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Meme coin with AI superpowers: WienerAI breaks past $1.5 million milestone in hot presale
WienerAI (WAI) is a meme coin with AI superpowers, offering an AI trading bot and staking protocol on the Ethereum blockchain. It has a growing Twitter community, a Telegram channel, and a strategic tokenomics structure. Coinsult audit confirmed no major vulnerabilities, and it ranks second on the 'Best Crypto ICOs - New Upcoming ICO Calendar for 2024' list, exceeding $1.
SEBI considers regulatory role in crypto trading, diverging from RBI's approach. Here's what experts think
In a significant development within India’s crypto landscape, the Securities and Exchange Board of India (SEBI) has recommended several regulators oversee crypto trade nationwide.
New meme coin Sealana hits $500K in presale, is this the next Bonk?
Sealana, a witty seal-themed meme coin, is gaining traction in the meme coin market with its multichain launch on Ethereum and Solana. Backed by endorsements and media coverage, Sealana's presale success is rapidly accelerating, urging potential buyers to act fast.
SP Jain Institute launches Wise Innovation Studio for Emerging Technologies
SPJIMR's WISE Tech fosters societal advancement through wise innovation with initiatives like accelerators, Entrepreneurship Fellowship, and Wise Innovation Conclave. Manoj Mohan leads the executive team, supported by R. Ramanan and Haresh Chawla from True North.
Best Meme Tokens to Invest In May 2024
As the meme coin landscape matures, certain projects stand out. Here are the top 10 meme tokens that exhibit strong growth signals fueled by dedicated communities, real-world use cases, and evolving technologies.
A take on Index Funds and ETFs
Active vs. passive investing compares Index Funds and ETFs. Index Funds provide stability and cost-effectiveness, while ETFs offer intraday trading flexibility and transparency. Warren Buffet favors passive investing for long-term wealth creation, emphasizing the impact of fees on retirement income.
Bitcoin's halving event likely this weekend. Here's what to expect
When it comes to the halving date, there are no fixed calendar dates, but it typically occurs approximately once every four years. Current estimates suggest that the next halving will take place sometime late Friday or early Saturday.
How does Bitcoin Halving impact the Bitcoin price?
The "stock-to-flow" ratio is a key concept used to measure the current supply of a commodity against the rate of new supply entering the market. For Bitcoin, each halving event markedly increases this ratio, underscoring its growing scarcity. This ratio is widely considered a crucial indicator of Bitcoin’s long-term valuation.
Postman acquires Orbit to expand reach in software developer community
Orbit has helped top developer companies manage and grow their communities across platforms, Postman said in a blog post.
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